First deal- Condo House Hack

[Kevin Andringa]

Investment Info:

Single-family residence other investment.

Purchase price: $138,000
Cash invested: $30,000

2 Bedroom 2 Bath Condo- House Hack

What made you interested in investing in this type of deal?

Close to local college and growing area

How did you find this deal and how did you negotiate it?

MLS- Negotiated the deal through my realtor during a seller's market

How did you finance this deal?

FHA Loan

Lessons learned? Challenges?

Always take into consideration HOA fee increases when looking at condos. Make sure you know the total number of condos in the association and how healthy their funds are for Cap Ex.